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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: denizen48 who wrote (436668)	11/24/2008 10:37:42 PM
From: i-node	Respond to of 1574472

>> You, my man, have hit the nail on the head. Who's collecting all those health insurance costs? If there are health insurance companies involved -- and there may not be -- they aren't making much on the GM contract. There is no reason GM would be paying over significant profits to them, other than perhaps for repricing services. Here's the problem: "John J. Hollis Sr., a retiree who worked at GM's Baltimore plant for almost 42 years, said he had not expected the plan to be supported by local leaders and was surprised to hear yesterday that it was. "I will definitely speak out against it," he said. "If they agreed to that, they're all crazy. We shouldn't have to pay no kind of premium toward our insurance." He, like many other retirees who spent their careers at the auto giant, had always assumed the company would take care of him. He had seen his predecessors retire with pensions and full health care coverage. "I figured I dedicated my life to GM all those years, and now all they're doing is taking, taking, taking."" GM is insuring 1.1 Million people -- people who pay nothing or nearly nothing for their health care. Their health care trust was funded with $30 Billion and recorded unfunded liabilities of some $20 Million for future benefits. In effect, they're self-insured through the trust and pay the healthcare costs themselves.

To: denizen48 who wrote (436668)	11/25/2008 8:17:09 AM
From: Brumar89	1 Recommendation Respond to of 1574472

Ksuave is an idiot. Insurance companies don't have profits big enough to ruin the auto companies. Each Democrat has his own little list of "demons" to hate and with him, insurance companies are at the top.